Product Cost Concept of Product Costing Smart Stream Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cellular phones...

Product Cost Concept of Product Costing

Smart Stream Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cellular phones are as follows:

Smart Stream wants a profit equal to a 30% rate of return on invested assets of $1,200,000.

a.Determine the amount of desired profit from the production and sale of 10,000 cellular phones. If required, round your answer to nearest dollar.
$fill in the blank 1

b.Determine the product cost and the cost amount per unit for the production of 10,000 cellular phones. If required, round your answer to nearest dollar.
$fill in the blank 2per unit

c.Determine the product cost markup percentage for cellular phones.
fill in the blank 3 %

d.Determine the selling price of cellular phones. Round to the nearest dollar.